The primary reason behind RCom’s deal with Brookfield is to reduce the debt. RCom currently has a debt of Rs. 45,000 crore and it looked to reduce the debt by almost 60% with the deals from Aircel and Brookfield. However, both the deals have now cancelled, and RCom itself will function as an MVNO operator.

According to an ET report, all of these 11 bidders have submitted their respective bids to SBI Capital Markets, which is the adviser appointed by RCom’s lenders to manage a competitive process of monetizing the telco’s assets, including towers and domestic fibre.

Other media reports said that some telcos and private equity players have also shown early interest to acquire a 51% stake in RCom. RCom had presented a zero write-off plan to lenders as part of its ongoing strategic debt restructuring. Under the plan, banks can convert a portion of RCom’s debt for a 51% stake.

RCom recently announced that it’s exiting the wireless business and will adopt a 4G-only focussed approach. RCom also confirmed that other buyers can also bid to purchase the RCom assets. The operator is looking to offer mobile virtual network operator (MVNO) as a full-fledged 4G operator. Currently, RCom is looking to scrap its 2G and 3G business.

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Mukesh should have bought Rcom assets long back after all the family name is at steak. He’s will now buy it at peanuts including the crown jewel office at Navi Mumbai. The 133 acre DAKC. A place where their late father started the countrys 1st telecom company. Shame a ready made telecom company with all the best tech in the telecom world could not be run by Anil & team. And the poor employees many of whom have loyally served the company for long years are left to fend for themselves. They are not as lucky as the 5000 guys… Read more »

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Kunal

November 9, 2017 6:09 pm 6:09 PM

Anil in a wining situation. Now airtel & jio will bid aggresively for band 5. Mts india 30 mhz will get them value.

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Chetan

November 9, 2017 9:13 pm 9:13 PM

I doubt on serious bidding since validity of these spectrum is till 2021 i believe… Jio will only take in the end because its a question of its business continuity on band 5…

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Chetan

November 9, 2017 10:10 pm 10:10 PM

I am referring to Rcom 850Mhz spectrum not MTS…

Reply

Nikhil

November 9, 2017 7:09 pm 7:09 PM

Mts india 30 mhz will get them value. Only in few circles!!!!!

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Kiran Fernandes | Mumbai

November 9, 2017 7:05 pm 7:05 PM

I doubt Airtel or any of them will bid for band 5. They should be eyeing band 28, 700MHz because it’s 150Mhz less so more coverage.

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Atheist 4G

November 9, 2017 7:43 pm 7:43 PM

We are talking about tower ? not spectrum

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Kiran Fernandes | Mumbai

November 10, 2017 1:17 pm 1:17 PM

Yea, Kunal is talking about rcom’s spectrum. So I’m participating in that convo.

Reply

Nikhil

November 10, 2017 12:12 am 12:12 AM

Lol!!!!! He is talking about spectrum not tower!!!!!!

Reply

Harmanveer Kaur

November 9, 2017 2:47 pm 2:47 PM

In Punjab, Airtel is rapidly converting the 1800 Mhz 2G towers to 4G LTE ones, while 900 Mhz, which was previously being used for 3G only, is now divided between 2G and 3G.
By far, the coverage and speeds on 1800 Mhz LTE are amazing, even much more than the 2300 Mhz LTE used by Jio.
It’s a win-win situation for all the consumers in Punjab as of now 2 big operators, viz. Jio and Airtel have got the state fully covered with 4G.